Lanxess AG (LXS) Receives Average Recommendation of “Hold” from Analysts
Shares of Lanxess AG (ETR:LXS) have received a consensus rating of “Hold” from the twenty-four brokerages that are covering the company, MarketBeat reports. Fifteen investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is €71.27 ($87.99).
Several brokerages have recently issued reports on LXS. Deutsche Bank set a €68.00 ($83.95) target price on shares of Lanxess and gave the company a “neutral” rating in a research report on Friday, March 16th. UBS set a €75.00 ($92.59) price target on shares of Lanxess and gave the stock a “buy” rating in a research report on Monday, February 5th. Barclays set a €66.00 ($81.48) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Kepler Capital Markets set a €83.00 ($102.47) price target on shares of Lanxess and gave the stock a “buy” rating in a research report on Thursday, March 15th. Finally, Credit Suisse Group set a €70.00 ($86.42) price target on shares of Lanxess and gave the stock a “neutral” rating in a research report on Friday, March 16th.
Shares of LXS stock traded down €1.64 ($2.02) during midday trading on Friday, hitting €61.36 ($75.75). 610,376 shares of the stock traded hands, compared to its average volume of 312,027. Lanxess has a 1-year low of €59.89 ($73.94) and a 1-year high of €74.50 ($91.98). The firm has a market capitalization of $5,810.00 and a price-to-earnings ratio of 64.59.
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Lanxess Company Profile
LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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